Question on V- Nickles, would appreciate any input.

LittleBitOEverything

Was looking for a possible reason that the 1883 w/cents and with a mintage of 16 mil. + is valued in all grades considerably more than the 1883 wo/cents. with a mintage of 5 mil. +. I don't have a clue on this any help would be appreciated.


Thanxx

Eric


Just asking because I just picked up a 1883 w/o cents In a NGC ms63 for 32 bucks.

ziggy29

Simply put, a huge number of these were saved almost immediately after release and resulted in an inordinate number of mint state examples. Subsequent issues saw the novelty wear off and far fewer were saved after this date. Since there was little type collecting in 1883, the later "with CENTS" variety wasn't seen as a "new" coin (since the no cents coins had already been out for a while), and fewer of them were saved.

This is common for first year of issue coins (and last year of issue coins as well); the 1909 VDB cent is another example. These are common as dirt as far as early mint state Lincolns go.

19Lyds

In a nutshell, if everybody has one then there's not really a market. Look at the 50D! When they came out, people were paying as much as $75 each! Today, a really good MS coin can be had for under $20. I've even seen raw 50D MS-64FS for under $50.00. Supply and demand......